LKQ Co. (NASDAQ:LKQ) Expected to Post Earnings of $0.58 Per Share

Wall Street analysts expect LKQ Co. (NASDAQ:LKQ) to report $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for LKQ’s earnings, with estimates ranging from $0.56 to $0.61. LKQ reported earnings of $0.56 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is expected to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that LKQ will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.38. For the next year, analysts forecast that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for LKQ.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a report on Thursday, July 25th. ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. BidaskClub cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Tuesday. Raymond James cut shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. Finally, TheStreet cut shares of LKQ from a “b-” rating to a “c+” rating in a report on Friday, May 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.50.

In other news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now owns 254,674 shares in the company, valued at approximately $6,886,384.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

Several institutional investors have recently modified their holdings of LKQ. Oakworth Capital Inc. purchased a new position in shares of LKQ during the 2nd quarter valued at $26,000. Icon Wealth Partners LLC purchased a new position in shares of LKQ during the 1st quarter valued at $31,000. Investors Research Corp purchased a new position in shares of LKQ during the 1st quarter valued at $34,000. Optimum Investment Advisors lifted its stake in shares of LKQ by 211.1% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after buying an additional 950 shares in the last quarter. Finally, Amica Retiree Medical Trust purchased a new position in shares of LKQ during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 90.72% of the company’s stock.

LKQ stock traded down $0.16 on Thursday, hitting $24.59. The company had a trading volume of 2,524,276 shares, compared to its average volume of 2,798,091. LKQ has a 12-month low of $22.74 and a 12-month high of $34.74. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $26.18 and its 200 day simple moving average is $27.40. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.82 and a beta of 1.33.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

Featured Story: What is a Special Dividend?

Get a free copy of the Zacks research report on LKQ (LKQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.